Best Practices for Simplifying Vendor Onboarding

To contract a vendor is to initiate a relationship: when you don’t know who you’re really dealing with, you expose your enterprise to risks that can have enduring consequences. Too often, onboarding a new vendor includes disparate systems and databases, miscellaneous worksheets and inconsistent workflows. Company by company, the number and flow of these onboarding steps may vary, but one thing remains consistent: it’s always too many.

ProcessUnity's latest eBook, Best Practices for Simplifying Vendor Onboarding shares practical guidance on how you can:

Apply business logic rules and scoring intelligence to automatically determine the set of questions

Document requests appropriate to each vendor’s level of inherent risk

Establish an audit trail that examiners respect and that can easily be shared among appropriate parties – with substantiating documentation

Get started now and evolve your policies and systems to become more sophisticated as your due diligence scoping maturity level grows

A good onboarding program can also help you withstand the scrutiny of regulators looking over your shoulders. Download the guide to learn how to create a consistent, defensible – and simple – vendor onboarding process.